Re: Quacky, TDC has a floor of 0.09
posted on
Dec 06, 2011 08:16PM
Baires
The only one that we discussed was the New Afton mine (New Gold). All three gentlemen were involved with the re-opening of the Afton mine outside of Kamloops. It is in our district so they were staying at Sun Peaks and having a working vacation. Nice life! I believe that most of the mines they are referring to are expanding existing operations.
My interpretation of their approach was: why put money into an early stage development play when there are proven producers out there ready to expand and do well at current metal prices. There must be a few mines in BC re-opening due to current prices. You know me by now. I am a CEF.A. SLW. SVM. investor of who got in very early in this cycle. I am risk adverse. Only have a few select juniors with my play money.
Woody